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Travel insurance, also known as vacation insurance or trip coverage, has emerged as a critical element for modern travelers. Whether you travel frequently or occasionally, grasping the importance of travel insurance is crucial to ensure a protected and stress-free trip. The Basics of Travel Insurance Travel insurance is a security tool designed to mitigate various risks that might occur before or during your trip. It provides coverage for unforeseen circumstances such as cancellations, medical emergencies, and lost or stolen belongings. 1. Types of Coverage - Trip C